Parkside Investments LLC Raises Stake in iShares Gold Trust $IAU

Parkside Investments LLC raised its position in iShares Gold Trust (NYSEARCA:IAU) by 21.2% in the fourth quarter, Holdings Channel reports. The fund owned 136,998 shares of the exchange traded fund’s stock after buying an additional 23,921 shares during the period. iShares Gold Trust makes up approximately 1.4% of Parkside Investments LLC’s portfolio, making the stock its 20th biggest holding. Parkside Investments LLC’s holdings in iShares Gold Trust were worth $11,120,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. MA Private Wealth boosted its holdings in iShares Gold Trust by 10.3% in the third quarter. MA Private Wealth now owns 157,758 shares of the exchange traded fund’s stock valued at $11,480,000 after purchasing an additional 14,705 shares in the last quarter. CM Wealth Advisors LLC acquired a new position in iShares Gold Trust in the third quarter valued at approximately $1,531,000. WESCAP Management Group Inc. boosted its holdings in shares of iShares Gold Trust by 7.0% in the third quarter. WESCAP Management Group Inc. now owns 449,859 shares of the exchange traded fund’s stock valued at $32,726,000 after acquiring an additional 29,553 shares during the period. Hudson Oak Wealth Advisory LLC acquired a new stake in shares of iShares Gold Trust in the fourth quarter valued at approximately $1,725,000. Finally, Allianz SE boosted its holdings in shares of iShares Gold Trust by 2.8% in the third quarter. Allianz SE now owns 1,186,632 shares of the exchange traded fund’s stock valued at $86,351,000 after acquiring an additional 32,341 shares during the period. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust News Roundup

Here are the key news stories impacting iShares Gold Trust this week:

• Positive Sentiment: Gold prices climbed as easing Middle East tensions and hopes for a U.S.-Iran deal pressured oil lower, while a weaker dollar and softer Treasury-yield expectations improved the outlook for bullion. Gold, Silver Rise on Hopes for U.S.-Iran Deal
• Positive Sentiment: Market commentary says gold’s selloff looks more like forced sovereign liquidation than a break in the long-term bull case, suggesting room for another leg higher if central banks turn more dovish. Gold’s forced sovereign liquidations could pave the way for the metal’s next great bull run – SPI’s Stephen Innes
• Positive Sentiment: Spot gold and silver were higher in early trading as lower oil prices, a softer dollar, and reduced rate-cut pressure supported precious metals. Gold and silver rally as Hormuz deal hopes sink oil – Kitco AM Report
• Neutral Sentiment: Gold remains technically supported around key levels, with traders watching whether the rally can extend further if geopolitical uncertainty persists. Gold Price Analysis – Gold Rallies in Holiday Trading
• Neutral Sentiment: Russia’s central bank reduced its gold reserves again in April, but the report is more of a macro gold-market signal than a direct catalyst for IAU. Russia’s sovereign gold reserves plunge 5.7 tonnes in April to 24-year low amid mounting deficits

iShares Gold Trust Stock Performance

IAU stock opened at $84.81 on Tuesday. The company has a market capitalization of $72.20 billion, a P/E ratio of 5.53 and a beta of 0.16. iShares Gold Trust has a twelve month low of $61.37 and a twelve month high of $104.40. The business has a 50 day simple moving average of $87.84 and a 200-day simple moving average of $87.13.

iShares Gold Trust Profile

iShares Gold Trust (the Trust) is to own gold transferred to the Trust in exchange for shares issued by the Trust (Shares). Each Share represents a fractional undivided beneficial interest in the net assets of the Trust. The assets of the Trust consist of gold held by the Trust’s custodian on behalf of the Trust. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).